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12621 Ryewater Dr
Houston, TX 77089
Flex Property For Sale

Investment Highlights

  • New 15-year absolute NNN corporate lease to a national auto collision tenant.
  • Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment.
  • 2% annual rental increases deliver steady growth throughout the life of the term.
  • Gerber Collision & Glass has grown to one of the largest auto collision repair companies in North America and is part of the Boyd Group.

Executive Summary

This Gerber Collision & Glass property occupies a strategic infill location with direct frontage on Interstate 45, one of the region’s most heavily traveled highways, featuring traffic counts exceeding 206,000 vehicles per day. Gerber Collision & Glass is among North America’s largest auto collision and glass repair companies, operating more than 850 locations under the Boyd Group, Inc. (Toronto Stock Exchange: BYD.TO), ensuring reliable tenancy. The site is positioned less than 1.5 miles from San Jacinto College South, with approximately 7,300 students, and Memorial Hermann Southeast Hospital, a 293-bed facility employing over 2,200 people, creating a strong built-in customer base. Additionally, the property is located under two miles from Joint Reserve Base Ellington, a key military installation home to more than 2,700 personnel. The surrounding area offers an impressive demographic profile with 255,205 residents within a five-mile radius and an average annual household income of $114,016. Anchored by strong retail synergy, the location is surrounded by high-traffic retailers such as Walmart Supercenter, Sam’s Club, H-E-B, The Home Depot, Target, In-N-Out Burger, and Chick-fil-A. Featuring an absolute NNN lease, the property requires zero landlord management responsibilities, as all maintenance and expense obligations, including roof, structure, and parking lot, are transferred to the tenant. Market fundamentals remain robust, with projected income growth within one-, three-, and five-mile radii, positioning both the asset and Houston for continued upward momentum.

Property Facts

Sale Type Investment NNN
Cap Rate 5.35%
Sale Condition 1031 Exchange
Property Type Flex
Building Class B
Lot Size 3.78 AC
Rentable Building Area 16,900 SF
No. Stories 1
Year Built 2006
Tenancy Single
Parking Ratio 6.51/1,000 SF
Clear Ceiling Height 14’
No. Drive In / Grade-Level Doors 2

Property Taxes

Property Taxes

Parcel Number
1269960010001
Land Assessment
$1,442,845
Improvements Assessment
$2,532,407
Total Assessment
$3,975,252
  • Listing ID: 41062819

  • Date on Market: 6/25/2026

  • Last Updated:

  • Address: 12621 Ryewater Dr, Houston, TX 77089

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